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WACC David Ortiz Motors has a target capital structure of 3 0 % debt and 7 0 % equity. The yield to maturity on the

WACC
David Ortiz Motors has a target capital structure of 30% debt and 70% equity. The yield to maturity on the company's outstanding bonds is 12%, and the company's tax rate is 25%. Ortiz's CFO has calculated the company's WACC as 13.9%. What is the company's cost of equity capital? Round your answer to the nearest whole number.
______%[do not copy from other responses and provide correct answer, please]

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